I am an undergraduate and all my money is currently in a DBS Savings Account. Are there any other better ways to grow my savings with higher interest rates?

Can consider Sif, RHB, CIMB, OCBC 360, SingLife or Trust Bank.

Hi Anon, I would suggest you to open the following accounts:

1. Singlife: 2.5%p.a. for first 10k

2. Standchart's Jumpstart: 2%p.a. for first 20k (Do note that you have to open your account before you turn 27)

3. OCBC's Bonus + Savings account: 1.45%p.a. if you deposit $500 a month and make no withdrawals. If you do not deposit $500 a month but you make no withdrawals you will earn 1.05%p.a. for that month.

4. CIMB's Fastsaver: 1.0%p.a.

Some of these accounts have great perks, such as debit cards cashback.

Jumpstart account offers 1% cashback on eligible transcations with no minimum spend.

If you are still using your DBS account, I suggest you to use the DBS visa debit card. If you hit a minmum spend of $400/ month via contactless transcations, you will be eligible for 3% cashback, capped at $20/month. A relatively great deal!